Author Archives: admin

Why Retailers Need To Use Price Tracking Software For Rational Retail Pricing

There is so much talk about the fiscal cliff and consumer uncertainty these days. Luckily, pricing is one key lever that you can almost always pull to stabilize your business and, thankfully, price tracking software is available to aid with rational retail pricing. Remember, a 1% increase in price can lead to a 11% increase in profit, as discusse...
Read More | Comments Off on Why Retailers Need To Use Price Tracking Software For Rational Retail Pricing

What Can Gold Prices Teach Retailers About How To Price Strategically & Increase Revenue?

Retailers can learn a great deal about changes in demand by looking at commodities like gold. The truth is, retail goods are also subject to big price shifts based on demand. Remember, a 1% improvement in price can lead to an 11% increase in profits. (How Retailers Can Increase Profits 11% By Using Price Optimization). In the increasingly competit...
Read More | Comments Off on What Can Gold Prices Teach Retailers About How To Price Strategically & Increase Revenue?

How Retailers Can Increase Profits 11% By Using Price Optimization

With this post, we welcome Erik Grueter of Price Optimization Software Company, Price Intelligently, as our newest guest contributor…  Retailers, did you know that a 1% improvement in price equates to an 11% increase in operating profit? “In fact, pricing is the most important aspect of your business,” says Price Intelligently’s CEO, Patrick ...
Read More | Comments Off on How Retailers Can Increase Profits 11% By Using Price Optimization